[UAE Giant IHC Completes First Institutional-Level Dirham Stablecoin Transaction Worth $30 Million] BlockBeats News, May 26 – According to official sources, the Abu Dhabi-based International Holding Company (IHC) announced that it has completed a $30 million (110 million AED) transaction using a UAE dirham-backed stablecoin. This marks the first large-scale institutional application of the stablecoin since receiving regulatory approval. The transaction utilized the DDSC stablecoin and was executed on the institutional-grade Layer-2 blockchain ADI Chain, developed by the ADI Foundation. Officials stated that this multi-million-dollar transaction demonstrates the operational readiness of the digital currency ecosystem and its ability to handle institutional-level transaction volumes. DDSC was created through a collaboration between IHC, First Abu Dhabi Bank, and Sirius International Holding, with technical support provided by the ADI Foundation. Earlier this year, the UAE Central Bank approved DDSC as part of a broader regulatory push, following the licensing of several dirham-pegged tokens. In a statement, IHC's CEO said: 'This transaction demonstrates that the UAE's digital infrastructure is active, resilient, and ready to support real institutional financial activities.' [Original Link]